Everence Capital Management Inc. Reduces Stake in Enerpac Tool Group Corp. (NYSE:EPAC)

Everence Capital Management Inc. lessened its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 44.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,030 shares of the company’s stock after selling 8,910 shares during the period. Everence Capital Management Inc.’s holdings in Enerpac Tool Group were worth $453,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in Enerpac Tool Group by 208.4% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,034,256 shares of the company’s stock worth $154,028,000 after purchasing an additional 2,726,293 shares during the period. State Street Corp raised its position in shares of Enerpac Tool Group by 16.3% during the 3rd quarter. State Street Corp now owns 2,393,472 shares of the company’s stock valued at $100,263,000 after buying an additional 336,323 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Enerpac Tool Group by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,542,000 shares of the company’s stock valued at $58,874,000 after acquiring an additional 53,055 shares during the last quarter. Geode Capital Management LLC grew its position in Enerpac Tool Group by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,236,259 shares of the company’s stock worth $51,797,000 after acquiring an additional 21,056 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Enerpac Tool Group by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 621,456 shares of the company’s stock worth $26,033,000 after acquiring an additional 6,903 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Insider Activity

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 1,938 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $44.17, for a total value of $85,601.46. Following the completion of the transaction, the director now owns 86,047 shares in the company, valued at $3,800,695.99. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Enerpac Tool Group Stock Performance

Shares of Enerpac Tool Group stock opened at $40.82 on Monday. The business’s fifty day simple moving average is $46.44 and its 200-day simple moving average is $42.65. The company has a quick ratio of 2.31, a current ratio of 2.88 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.22 billion, a PE ratio of 26.17 and a beta of 1.15. Enerpac Tool Group Corp. has a 52 week low of $28.25 and a 52 week high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Enerpac Tool Group had a return on equity of 26.70% and a net margin of 14.55%. Equities analysts forecast that Enerpac Tool Group Corp. will post 1.81 earnings per share for the current year.

About Enerpac Tool Group

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.